he statement of financial position, statement of changes in equity and notes

A junior accounts clerk has prepared the following summarised information as at 30 June 2016 for Heaven Ltd:AssetsInventories (at lower of cost and net realisable value)Accounts receivable CashLand and buildingsPlant and equipmentPrepaymentsCalls in arrears (2500 shares at 20c)Patents — cost$  9700006510201598080175000017160003400500    100000$6789000Liabilities and equityRetained earnings (30/6/16)LiabilitiesShare capital (5000000 shares)Reserves and provisions57548010385204086000 1089000$6789000Upon further investigation, you have discovered the following additional information:(a) Liabilities of $1038520 comprise:Accounts payableAccrued expensesMortgage loans$7900008520240000(b) Reserves and provisions of $1089000 include:Employee benefits (payable after 1 July 2023)Current tax liabilityDividendsAllowance for impairment of receivablesAccumulated depreciation – plant and equipmentAccumulated depreciation – buildingsAccumulated amortisation – patents$400000160000200000100007200020700040000(c) Cash of $1598080 consists of:Cash at bank10% Telstra bonds (regarded as long-term investments)$  2980801300000(d) Retained earnings balance as at 1 July 2015 was $275000.(e) Profit for the period was $500480.(f) Shareholder approval is not required for final dividends declared by directors.(g) During the year, Earth Ltd paid $75000 to its auditor, of which $19000 related to services other than the annual audit and half-yearly review.RequiredPrepare, for Heaven Ltd, the statement of financial position, statement of changes in equity and notes thereto at 30 June 2016 in accordance with the requirements of AASB 101.